NewzConsumer confidence in South Africa rose to -13 in the third quarter of the year, improving from a reading of -19 in the previous quarter. The data, tracked by the FNB/BER Consumer Confidence Index, indicates a shift in sentiment across the country's economic demographics.
The recovery in confidence is primarily attributed to lower-income households, who have experienced relief due to a deceleration in food price inflation. In contrast, wealthier consumers continue to report high levels of pessimism, suggesting a divergence in economic outlook based on income levels.
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